- Markit’s Manufacturing PMI in Canada rose to an all-time high in December.
- USD / CAD is trading modest daily losses above 1.2700.
Business activity in Canada’s manufacturing sector continued to expand at a solid pace in December, with IHS Markit’s manufacturing PMI improving to 57.9 points from 55.8 in November. This is the highest reading since the survey began in October 2010.
Commenting on the report, “Latest data indicated that the Canadian manufacturing sector ended 2020 with a record monthly improvement in business conditions“said Shreeya Patel, economist at IHS Markit.” New orders and production supported the latest increase with strong increases on record. “
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